Ventum Financial Cuts Drone Delivery Canada (CVE:FLT) Price Target to C$32.00

Drone Delivery Canada (CVE:FLT) had its price objective reduced by Ventum Financial from C$38.00 to C$32.00 in a research note published on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Drone Delivery Canada Trading Down 2.8 %

CVE FLT opened at C$0.18 on Wednesday. The company has a debt-to-equity ratio of 67.19, a quick ratio of 9.02 and a current ratio of 0.46. Drone Delivery Canada has a one year low of C$0.10 and a one year high of C$0.38. The company’s 50 day moving average price is C$0.18 and its 200 day moving average price is C$0.17. The firm has a market capitalization of C$80.24 million, a price-to-earnings ratio of -3.55 and a beta of 0.94.

Drone Delivery Canada Company Profile

Drone Delivery Canada Corp. designs, develops, and implements a commercial drone-based logistics platform in Canada and internationally. The company's logistics infrastructure solution is an integrated turnkey logistics platform, which include industrial-grade drones, automated DroneSpot depots, automated battery management systems, a detect and avoid radar system, and proprietary FLYTE software to integrate various components into a solution.